MIRA
INFORM REPORT
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Report Date : |
30.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
BINDAL ENTERPRISES |
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Registered Office : |
Anarmani 3 Birtamod Jhapa |
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Country : |
Nepal |
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Date of Incorporation : |
25.05.2001 |
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Legal Form : |
Partnership |
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Line of Business : |
Importers of Electronics goods, electrical goods, hosherry goods,
coshmetics, etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
BINDAL ENTERPRISES
Anarmani 3 Birtamod
Jhapa, (Nepal)
Telephone No. : 977-23-540256
Year Established
25.05.2001
Type of Concern
Partnership
Name of Partners
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Sl.No. |
Name |
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1. |
S. K. Bindal |
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2. |
B. K. Bindal |
Auditors
R. Rajbhandari & Sons, Jhapa, Nepal
Staff
6
Bankers
Nepal Bank Limited, Jhapa, Nepal
Business
They are importers of Electronics goods, electrical goods, hosherry
goods, coshmetics, etc.
Trade Terms With
Koria, Japan, U.K.
Fincial
Capital – Nepal Rs. 95 Laks
Sales - Nepal Rs. 1.95
Cores.
Remarks
Trading Terms –
Purchase - 30 days credit
Sales - 30 days credit
Report : Well established respectable &
well reputed business may be done
at L.C. Basis.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.95 |
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UK Pound |
1 |
Rs.85.62 |
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Euro |
1 |
Rs.67.81 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)